Newtopia (TSE:NEWU) has released an update.
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Newtopia Inc. has secured a $200,000 bridge loan from Bloom Burton & Co. for working capital and general administrative purposes while it advances its strategic process. The loan, which carries a 12% annual interest, is payable on demand and unsecured, indicating the company may need additional financing for future obligations.
For further insights into TSE:NEWU stock, check out TipRanks’ Stock Analysis page.
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